Politics

10192 readers

81 users here now

In-depth political discussion from around the world; if it's a political happening, you can post it here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

Subcommunities on Beehaw:

Socialism

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

alyaza@beehaw.org

TheRtRevKaiser@beehaw.org

circularfish@beehaw.org

knokelmaat@beehaw.org

remington@beehaw.org

Biden Cancels Nearly $4.3 Billion in Public Worker Student Debt (www.bloomberg.com)

submitted 1 day ago by remington@beehaw.org to c/politics@beehaw.org

25 comments fedilink hide all child comments

From Bloomberg News reporters Justin Sink and Akayla Gardner:

President Joe Biden on Friday announced plans to cancel student debt for about 55,000 public sector workers, as his administration pushes to zero out balances for more people in the final weeks of his administration.

The move — which represents the cancellation of $4.28 billion owed on federal loans — pushes the total number of individuals who have received relief under Biden administration programs to nearly 5 million, the White House said. In total, about $180 billion has been forgiven.

you are viewing a single comment's thread
view the rest of the comments

[–] granolabar@kbin.melroy.org 11 points 1 day ago (1 children)

No... And this has nothing to do with Biden either beyond him allowing doe do its job as required by law.

Anyone who works at a qualified public interest job is a eligible for forgiveness after 120 payments.

There are a lot of lawyers with massive student loans who work for fed gov making over 100k who benefit from this. 10 years wipe loans clean them go into private to make the real money.

We are literally funding training of the owner class' foot soldiers

But right brain rot is hurt becuase nurses or social workers get the benefit. Tells you what you need to know where they got their info from.

[–] PaddleMaster@beehaw.org 12 points 1 day ago

This is spot on. And honestly, public service workers make so little compared to industry, it really doesn’t matter if they’re from a wealthy family or not - if they (public workers) have student loans, the forgiveness is deserved.

10 years can be difficult to get. I’ve known people who work for non-profits for 5 years or more, only to be let go because grant money was drying up.